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With equity crowdfunding less than 60 days old, measuring from the date the SEC’s Regulation CF became effective in May, the marketplace is beginning to take shape. Flashfunders is one of the players offering a crowdfunding portal.
Vincent Bradley, the CEO of Flashfunders, shared his take on the emerging crowdfunding market.
Vincent sees two related problems in the market. “Historically, there have been large hurdles in both the fundraising and investing spaces, namely a lack of accessibility. Startups and small businesses have had limited options for financing, many of which were expensive and time consuming to pursue. Additionally, those startups have often been unable to offer equity to investors who are truly passionate about their business model.”
The JOBS Act, which directed the SEC to implement crowdfunding, was passed four years before the SEC rules became effective.
With respect to the second problem, Vincent notes, “…